Text: S03428 Text: S03430 Text: S03400 - S03499 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend House File 655, as amended, passed, and 1 2 reprinted by the House, as follows: 1 3 #1. Page 2, by inserting after line 8 the 1 4 following: 1 5 "Starting in the fiscal year beginning July 1, 1 6 1997, the department shall annually study the effects 1 7 supplementing horse race purses with a percentage of 1 8 annual adjusted gross receipts received from gambling 1 9 games pursuant to section 99F.6 has on thoroughbred 1 10 breeders and owners in Iowa. The department shall 1 11 file a report providing the findings of the study to 1 12 the general assembly no later than January 15 of each 1 13 year starting in the fiscal year beginning July l, 1 14 1998." 1 15 #2. Page 16, by inserting after line 15 the 1 16 following: 1 17 "Sec. . Section 99F.6, subsection 4, paragraph 1 18 a, Code 1997, is amended to read as follows: 1 19 a. Before a license is granted, the division of 1 20 criminal investigation of the department of public 1 21 safety shall conduct a thorough background 1 22 investigation of the applicant for a license to 1 23 operate a gambling game operation on an excursion 1 24 gambling boat. The applicant shall provide 1 25 information on a form as required by the division of 1 26 criminal investigation. A qualified sponsoring 1 27 organization licensed to operate gambling games under 1 28 this chapter shall distribute the receipts of all 1 29 gambling games, less reasonable expenses, charges, 1 30 taxes, fees, and deductions allowed under this 1 31 chapter, as winnings to players or participants or 1 32 shall distribute the receipts for educational, civic, 1 33 public, charitable, patriotic, or religious uses as 1 34 defined in section 99B.7, subsection 3, paragraph "b". 1 35 However, if a licensee who is also licensed to conduct 1 36 pari-mutuel wagering at a horse racetrack has unpaid 1 37 debt from the pari-mutuel racetrack operations, the 1 38 first receipts of the gambling games operated within 1 39 the racetrack enclosure less reasonable operating 1 40 expenses, taxes, and fees allowed under this chapter 1 41 shall be first used to pay the annual indebtedness. 1 42 The commission shall authorize, subject to the debt 1 43 payments for horse racetracks and the provisions of 1 44 paragraph "b" for dog racetracks, a licensee who is 1 45 also licensed to conduct pari-mutuel dog or horse 1 46 racing to use receipts from gambling games within the 1 47 racetrack enclosure to supplement purses for races 1 48 particularly for Iowa-bred horses pursuant to an 1 49 agreement which shall be negotiated between the 1 50 licensee and representatives of the dog or horse 2 1 owners. For a licensee who is also licensed to 2 2 conduct pari-mutuel horse racing, the supplement to 2 3 the horse race purses shall be an amount equal to 2 4 fifteen percent of the annual adjusted gross receipts 2 5 received from gambling games and, of the total sum 2 6 allocated to supplement horse race purses, twenty 2 7 percent shall be used to supplement the purses of 2 8 Iowa-bred horses. A qualified sponsoring organization 2 9 shall not make a contribution to a candidate, 2 10 political committee, candidate's committee, state 2 11 statutory political committee, county statutory 2 12 political committee, national political party, or 2 13 fund-raising event as these terms are defined in 2 14 section 56.2. The membership of the board of 2 15 directors of a qualified sponsoring organization shall 2 16 represent a broad interest of the communities." 2 17 #3. By renumbering as necessary. 2 18 2 19 2 20 2 21 JACK RIFE 2 22 HF 655.515 77 2 23 tm/jw/28
Text: S03428 Text: S03430 Text: S03400 - S03499 Text: S Index Bills and Amendments: General Index Bill History: General Index
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